"S&B Industrial Minerals, Mining, Quarrying, Industrial, Commercial, Tourist, Shipping, Engineering, Joint-Stock Company" (hereinafter the "Company") announces that, following notification letter it received on 20.05.2013 by the company Delphi Luxembourg Holdings S.àr.l. (hereinafter the "Offeror"), on 20.05.2013, the Offeror submitted an application to the Hellenic Capital Market Commission for the exercise of the squeeze-out right pursuant to Law 3461/2006 (the "Law"). As mentioned in the application:

Following completion of the settlement of the tender offer (the "Tender Offer"), on the 15thof May, 2013 the Offeror and the persons acting in concert with it within the context of the Tender Offer and in accordance with article 2(e) of the Law, jointly held directly and indirectly 49,935,445 Company shares representing approximately 97.53% of the Company's fully paid up share capital and voting rights.

Following the above, the Offeror pursuant to the application it submitted to the Hellenic Capital Market Commission exercises the squeeze-out right for the remaining common registered shares of the Company according to article 27 of the Law (hereinafter the "Squeeze-out Right") which amount to 1,262,417 shares representing approximately 2.47% of the Company's fully paid up share capital and voting rights, offering for each of these shares €5.80 in cash, which is equal to the consideration offered within the context of the Tender Offer and requests the approval of the Squeeze-out Right by the Hellenic Capital Market Commission.

The Offeror's intention to exercise the Squeeze-out Right is mentioned in paragraph 2.16.1 (a) of the information memorandum as approved on April the 8th, 2013 by the Hellenic Capital Market Commission.

A certificate from UBS Limited pursuant to which it is certified that the Offeror has the means to fund, or has funded, in cash, the total amount required, or that it may be required, to pay for the acquisition of 1,262,417 Company shares, i.e. the total amount of €7,322,018.60 (€5.80 per share x 1,262,417 shares) as well as the 0.16% registration duty payable to the HELEX was submitted to the Hellenic Capital Market Commission, attached to the Squeeze-out Right application.

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